Chinanjiang Fine Chemicals Co (STU:8C9) Debt-to-Equity : 2.35 (As of Dec. 2023)

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What is Chinanjiang Fine Chemicals Co Debt-to-Equity?

Chinanjiang Fine Chemicals Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €918 Mil. Chinanjiang Fine Chemicals Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €401 Mil. Chinanjiang Fine Chemicals Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €563 Mil. Chinanjiang Fine Chemicals Co's debt to equity for the quarter that ended in Dec. 2023 was 2.34.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Chinanjiang Fine Chemicals Co's Debt-to-Equity or its related term are showing as below:

STU:8C9' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 1.4 Max: 2.55
Current: 2.35

During the past 13 years, the highest Debt-to-Equity Ratio of Chinanjiang Fine Chemicals Co was 2.55. The lowest was 0.69. And the median was 1.40.

STU:8C9's Debt-to-Equity is ranked worse than
96.78% of 1398 companies
in the Chemicals industry
Industry Median: 0.35 vs STU:8C9: 2.35

Chinanjiang Fine Chemicals Co Debt-to-Equity Historical Data

The historical data trend for Chinanjiang Fine Chemicals Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Chinanjiang Fine Chemicals Co Debt-to-Equity Chart

Chinanjiang Fine Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.02

0.89

1.34

2.45

2.35

Chinanjiang Fine Chemicals Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.34	1.84	2.45	2.64	2.35

Competitive Comparison of Chinanjiang Fine Chemicals Co's Debt-to-Equity

For the Chemicals subindustry, Chinanjiang Fine Chemicals Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Chinanjiang Fine Chemicals Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chinanjiang Fine Chemicals Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chinanjiang Fine Chemicals Co's Debt-to-Equity falls into.

Chinanjiang Fine Chemicals Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chinanjiang Fine Chemicals Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(917.851	+	401.298)	/	562.605
	=	2.34

Chinanjiang Fine Chemicals Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(917.851	+	401.298)	/	562.605
	=	2.34

Chinanjiang Fine Chemicals Co (STU:8C9) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Chinanjiang Fine Chemicals Co Debt-to-Equity Related Terms

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Chinanjiang Fine Chemicals Co (STU:8C9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Sanjiang Fine Chemicals Co Ltd (STU:8C9) » Definitions » Debt-to-Equity

Traded in Other Exchanges

02198:Hong Kong

Address

Pinghai Road, Jiaxing Port Area, Zhejiang Province, Jiaxing, CHN

Website

https://www.chinasanjiang.com

China Sanjiang Fine Chemicals Co Ltd manufactures and supplies chemicals in China. The company's products portfolio includes ethylene oxide, ethylene glycol, propylene, polypropylene, methyl tert-butyl ether and surfactants and provides surfactants processing service. Besides, it also produces and distributes C4, crude pentene and industrial gasses, such as oxygen, nitrogen, and argon.

Chinanjiang Fine Chemicals Co (STU:8C9) Headlines

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